Pepper Money has made a number of criteria enhancements to make its mortgages more accessible to customers who just miss out on a high street lender. The specialist lender is now able to accept up to 5% builders deposit on residential new build applications to help more hopeful homeowners. It has also expanded its AVM tolerance so that more remortgage customers will save time and money on their valuation. In addition, it has increased the maximum age at the end of term to 80 years old, with earned income accepted up to 75, having previously extended its maximum term to 40 years.

CHL Mortgages has cut rates by up to 0.20% across its limited edition buy-to-let (BTL) range. The reduction means the lender’s range now features standard two-year fixed rate mortgages starting from 3.67%, with five-year rates starting from 4.24%. For investors looking to purchase small HMO or MUFBs with up to six bedrooms or units, rates for five-year fixed rates now start from 4.28%. Mortgages are available to individual and limited company landlords and borrowers can choose from a selection of fee options, with LTVs up to 75%.

Santander UK has made reductions to selected fixed rates across its purchase, remortgage and BTL range. The list of new rates include five-year, three-year and two-year fixed rate purchase mortgages below 4%. The five-year fixes include a 60% LTV five-year fixed residential purchase mortgage with a £999 fee, which is now priced at 3.80%, while the same product at a two-year fix starts at 3.99%. On Santander’s three-year new build exclusive purchase mortgages with a £999 fee, rates start at 3.94%, 4.14% and 4.53% at 60%, 75% and 85% LTV respectively.

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